Boston Financial Mangement LLC Buys 7,326 Shares of Invesco QQQ (NASDAQ:QQQ)

Boston Financial Mangement LLC increased its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 42.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,446 shares of the exchange traded fund’s stock after acquiring an additional 7,326 shares during the period. Boston Financial Mangement LLC’s holdings in Invesco QQQ were worth $12,497,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. PayPay Securities Corp grew its position in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ in the 4th quarter valued at about $37,000. Hoese & Co LLP lifted its stake in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares during the last quarter. Legacy Bridge LLC grew its holdings in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 45 shares during the period. Finally, BNP Paribas acquired a new position in Invesco QQQ during the third quarter worth approximately $62,000. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $539.52 on Thursday. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The stock’s 50 day moving average price is $523.26 and its two-hundred day moving average price is $499.81.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.